Taxes August 11, 2025
Massachusetts collected $43.7 billion in the budget year that ended on June 30, driven by healthy collections from the state’s Millionaire’s Tax and a new capital gains tax, state data show.
Taxes April 24, 2025
The president said imposing a higher tax rate on millionaires would spur the country’s richest to leave the U.S., downplaying an idea that is under discussion in some Republican circles as a way to pay for an economic package.
Taxes April 22, 2025
A Republican proposal to tax income over $1 million at a 40% rate could generate around $400 billion over a decade, according to estimates from the Budget Lab at Yale and the Tax Foundation.
Taxes April 8, 2025
Republicans are reportedly mulling the idea of creating a new top tax rate that would be around 39% to 40% as a way to offset some of the costs of their tax package.